Most Social Media Users Believe ETH Will Surpass $1,000 Again, Survey Shows

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A concluded survey conducted on social media has shown most cryptocurrency enthusiasts seemingly believe Ethereum’s ether is set to surpass the $1,000 mark again in the future.

The survey, conducted by “An Altcoin Trader’s Handbook” author Nik Patel on the microblogging platform Twitter, saw over 5,400 cryptocurrency enthusiasts vote on whether they believe ETH will trade above said mark again.

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The results show 54% said it will, while 34% showed a bearish stance by replying no. 12% of the survey’s respondents merely clicked it to see what the results were.

Will $ETH ever trade above $1000 again?

— Nik Patel (@cointradernik) August 10, 2019

At press time, Ethereum’s ether is trading at about $211, after rising 0.8% in the last 24-hour period. The cryptocurrency’s all-time high was of nearly $1,300 back in January of 2018, when most cryptocurrencies were at their all-time highs.

Bitcoin, the flagship cryptocurrency, hit a near $20,000 all-time high at the time, before its price started dropping. BTC has, however, recovered to over $11,200 after hitting a $3,200 low in December of this year, while ETH is still down more than 80% from its all-time high.

Bitcoin’s dominance this year has seen some question whether altcoins are going to soon catch up, or whether investors are still keeping the 2018 bear market on the back of their minds and are only eyeing safer investments.

While Ethereum’s price has been rising the way some ETH investors expected it to, the cryptocurrency has been seeing a significant number of developments. As CryptoGlobe covered the CME Group recently changed its ether reference rate and its ether-dollar index, which saw insiders anticipate ether futures are coming.

Accessing Ethereum’s decentralized ecosystem became easier last month after MetaMask revealed its mobile app is now going through a beta testing phase. Meanwhile the crypto’s developers have been working on ‘Ethereum 2.0’, a series of potential updates expected to improve ETH’s network.